RNS Number : 9935Y
Meggitt PLC
09 September 2022
 

Date: 9 September 2022

 

Meggitt PLC

(the "Company")

 

Director/PDMR Shareholding

 

The Company announces that outstanding share awards granted under the Meggitt 2014 Long Term Incentive Plan vested on 9 September 2022. Awards vested as a result of the Court sanction of the Scheme of Arrangement, as announced on 9 September 2022, pursuant to which the acquisition of the entire issued share capital of the Company by Parker Hannifin Corporation ("Parker"), at a price of 800 pence per share, will be implemented. Accordingly, the executive directors and other Persons Discharging Managerial Responsibility ("PDMR") listed below became the beneficial owners of ordinary shares of 5p each in the Company ("Shares") as shown. Such Shares will be transferred to Parker pursuant to the Scheme of Arrangement in the same manner as applies to Shares held by all other Company shareholders.

Tony Wood - Chief Executive Officer, director/PDMR

Award

Shares vesting

Total shareholding as a result of transaction

Total shareholding as a percentage of issued share capital

2020 award

28,427

347,002

0.0443%

2021 Performance Share Award

36,974

2021 Restricted Share Award

19,982

2021 Restricted Share Award

13,309

2022 Performance Share Award

8,711

2022 Restricted Share Award

9,150

 

Louisa Burdett - Chief Financial Officer, director/PDMR

 

2020 award

18,007

101,813

0.0130%

2021 Performance Share Award

23,422

2021 Restricted Share Award

12,658

2021 Restricted Share Award

8,431

2022 Performance Share Award

5,518

2022 Restricted Share Award

5,797

 

Andrew Garard - Group General Counsel and Director, Corporate Affairs, PDMR

 

2020 award

10,523

51,063

0.0065%

2021 Performance Share Award

14,558

2021 Restricted Share Award

7,867

2021 Restricted Share Award

5,241

2022 Performance Share Award

2,838

2022 Restricted Share Award

2,981

 

Chris Allen - President, Airframe Systems, PDMR

 

2020 award

10,523

383,237

0.0489%

2021 Performance Share Award

14,558

2021 Restricted Share Award

7,867

2021 Restricted Share Award

5,241

2022 Performance Share Award

2,838

2022 Restricted Share Award

2,981

 

Rob Hartman - Interim President, Engine Systems, PDMR

 

2021 Performance Share Award

2,254

9,037

0.0012%

2021 Restricted Share Award

2,463

2021 Restricted Share Award

1,218

2021 Restricted Share Award

811

2022 Performance Share Award

1,117

2022 Restricted Share Award

1,174

 

Paul Devaux - President, Energy & Equipment and Group Operations Director,

PDMR

 

2020 award

7,475

104,761

0.0134%

2021 Performance Share Award

10,341

2021 Restricted Share Award

5,589

2021 Restricted Share Award

3,722

2021 Performance Share Award

3,860

2021 Restricted Share Award

2,335

2021 Restricted Share Award

1,389

2022 Performance Share Award

2,413

2022 Restricted Share Award

2,535

 

Stewart Watson - President, Services & Support, PDMR

 

2020 award

9,121

121,086

0.0154%

2021 Performance Share Award

12,617

2021 Restricted Share Award

6,818

2021 Restricted Share Award

4,542

2022 Performance Share Award

2,459

2022 Restricted Share Award

2,583

 

 

Hugh Clayton - Group Director, Engineering & Strategy, PDMR

 

2020 award

10,583

116,951

0.0149%

2021 Performance Share Award

14,641

2021 Restricted Share Award

7,913

2021 Restricted Share Award

5,270

2022 Performance Share Award

2,854

2022 Restricted Share Award

2,998

 

Geoff Lloyd - Group HR Director, PDMR

 

2020 award

10,510

63,928

0.0082%

2021 Performance Share Award

14,540

2021 Restricted Share Award

7,857

2021 Restricted Share Award

5,234

2022 Performance Share Award

2,834

2022 Restricted Share Award

2,977

 

Marina Thomas - Group Company Secretary & EVP Ethics and Communications, PDMR

 

2020 award

7,015

85,632

0.0109%

2021 Performance Share Award

9,705

2021 Restricted Share Award

5,245

2021 Restricted Share Award

3,494

2022 Performance Share Award

1,892

2022 Restricted Share Award

1,987

 

 

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Tony Wood

2

 

Reason for the notification

a)

 

Position/status

 

Chief Executive, director/PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

 

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

28,427

2.   £0.0000

36,974

3.   £0.0000

19,982

4.   £0.0000

13,309

5.   £0.0000

8,711

6.   £0.0000

9,150

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

116,553

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Louisa Burdett

2

 

Reason for the notification

a)

 

Position/status

 

Chief Financial Officer, director/PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

18,007

2.   £0.0000

23,422

3.   £0.0000

12,658

4.   £0.0000

8,431

5.   £0.0000

5,518

6.   £0.0000

5,797

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

73,833

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Andrew Garard

2

 

Reason for the notification

a)

 

Position/status

 

Group General Counsel and Director,

Corporate Affairs, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

10,523

2.   £0.0000

14,558

3.   £0.0000

7,867

4.   £0.0000

5,241

5.   £0.0000

2,838

6.   £0.0000

2,981

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

44,008

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Chris Allen

2

 

Reason for the notification

a)

 

Position/status

 

President, Airframe Systems, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

10,523

2.   £0.0000

14,558

3.   £0.0000

7,867

4.   £0.0000

5,241

5.   £0.0000

2,838

6.   £0.0000

2,981

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

44,008

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Rob Hartman

2

 

Reason for the notification

a)

 

Position/status

 

Interim President, Engine Systems, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

2.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

2,254

2.   £0.0000

2,463

3.   £0.0000

1,218

4.   £0.0000

811

5.   £0.0000

1,117

6.   £0.0000

1,174

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

9,037

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Paul Devaux

2

 

Reason for the notification

a)

 

Position/status

 

President, Energy & Equipment and Group

Operations Director, PDMR

 

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

7.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

8.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

9.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

7,475

2.   £0.0000

10,341

3.   £0.0000

5,589

4.   £0.0000

3,722

5.   £0.0000

3,860

6.   £0.0000

2,335

7.   £0.0000

1,389

8.   £0.0000

2,413

9.   £0.0000

2,535

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

39,659

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

7.   Outside a trading venue

8.   Outside a trading venue

9.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Stewart Watson

2

 

Reason for the notification

a)

 

Position/status

 

President, Services & Support, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

9,121

2.   £0.0000

12,617

3.   £0.0000

6,818

4.   £0.0000

4,542

5.   £0.0000

2,459

6.   £0.0000

2,583

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

38,140

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Hugh Clayton

2

 

Reason for the notification

a)

 

Position/status

 

Group Director, Engineering & Strategy, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

10,583

2.   £0.0000

14,641

3.   £0.0000

7,913

4.   £0.0000

5,270

5.   £0.0000

2,854

6.   £0.0000

2,998

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

44,259

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Geoff Lloyd

2

 

Reason for the notification

a)

 

Position/status

 

Group HR Director, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

10,510

2.   £0.0000

14,540

3.   £0.0000

7,857

4.   £0.0000

5,234

5.   £0.0000

2,834

6.   £0.0000

2,977

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

43,952

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities /

person closely associated

 

a)

 

Name              

Marina Thomas

2

 

Reason for the notification

a)

 

Position/status

 

Group Company Secretary & EVP Ethics and Communications, PDMR

b)

 

Initial notification /

Amendment

Initial

3

 

Details of the issuer, emission allowance market participant,

auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Meggitt PLC

b)

 

LEI

 

YMFO3TKB4UAWQTDZJJ31

 

4

 

Details of the transaction(s):

a)

 

Description of the

financial instrument,

type of instrument

 

Identification code

 

 

Ordinary shares of 5p each

  

 

GB0005758098

b)

 

Nature of the

transaction

 

 

1.   Automatic vesting of 2020 award under

the Long Term Incentive Plan

2.   Automatic vesting of 2021 Performance

Share Award under the Long

Term Incentive Plan

3.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

4.   Automatic vesting of 2021 Restricted

Share Award under the Long

Term Incentive Plan

5.   Automatic vesting of 2022 Performance

Share Award under the Long

Term Incentive Plan

6.   Automatic vesting of 2022 Restricted

Share Award under the Long

Term Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   £0.0000

7,015

2.   £0.0000

9,705

3.   £0.0000

5,245

4.   £0.0000

3,494

5.   £0.0000

1,892

6.   £0.0000

1,987

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

29,338

£0.0000

e)

 

Date of the transaction  

All transactions took place on 9 September

2022

f)

 

Place of the transaction

 

1.   Outside a trading venue

2.   Outside a trading venue

3.   Outside a trading venue

4.   Outside a trading venue

5.   Outside a trading venue

6.   Outside a trading venue

 

Enquiries:

Meggitt PLC

Marina Thomas, Group Company Secretary (marina.thomas@meggitt.com)

Katie Lewis, Deputy Company Secretary (katie.lewis@meggitt.com)

Simon Grant, Assistant Company Secretary (simon.r.grant@meggitt.com)

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